The Federal Housing Administration's (FHA) objective is to assist with providing housing opportunities and is widely used for first-time homebuyers.

​

Features:

​

• 3.5% down payment

• Down payments may be gifted by family members or your employee

• Expanded qualifying and underwriting ratios

• Home sellers can contribute up to 6% of the purchase price for closing costs

• Streamline Refinance

 

Reduced credit or poor credit situations may not disqualify borrowers for FHA home financing.  FHA looks at the borrower’s big-picture situation.